SABIC

SABIC Overview

Company Headquarters: Riyadh, Saudi Arabia

Founded: 1976

Workforce: 31,000

Company Working: SABIC is one of the global player in diversified chemicals and innovative materials headquartered in Riyadh, Saudi Arabia. With a strong presence in over 50 countries, SABIC operates across various sectors, including chemicals, polymers, fertilizers, metals, and specialties. The company's product portfolio encompasses a wide range of chemicals, plastics, and polystyrenes used in industries such as automotive, construction, healthcare, packaging, and more. SABIC has its commitment to innovation and sustainability. The company invests significantly in research and development to drive technological advancements and develop innovative solutions that address the evolving needs of its customers. Sustainability is a core value at SABIC, and it actively promotes responsible production, resource efficiency, and environmental stewardship throughout its operations. With a global network of manufacturing facilities, research centres, and sales offices, SABIC ensures a strong supply chain and exceptional customer service worldwide.

Strategy

The major strategy approach of SABIC are innovation, sustainability, and customer focus. Through making investments in R&D, the company hopes to continue to be a market leader through fostering innovation and providing cutting-edge solutions. SABIC places a high priority on sustainability by incorporating green practices and ethical production into all aspects of its business. The company's strategic approach also places a strong emphasis on tight customer collaboration, comprehending their demands, and providing personalized solutions and assistance. SABIC works to create long-term value, promote growth, and forge durable partnerships in the global chemicals and materials business by fusing innovation, sustainability, and customer focus.

Company Snapshot

$31,167.18M

Revenue

31,000

Employees

1976

Founded

Riyadh, Saudi Arabia

Headquarters

SWOT Analysis

Strengths

Investments in information and technology
Vast product portfolio
Comprehensive range of petrochemical products
Strong R&D capabilities
Access to low-priced natural gas
Global operations
12,000+ patents
Wide geographic presence
Strong research and development capabilities
Strong financial performance
Customer centric and focused product stream
Efficiency gains through improved logistics resulting in lower transportation cost

Weaknesses

High levels of debt
Lack of safety measures
Reported incidences of accidents
No market specific recent key development
Inability to protect intellectual property rights could adversely affect business
Limited presence outside core business
Investment in research and development is below the fastest growing players in the industry
Few segments performing

Opportunities

Joint venture with Saudi Aramco
Acquisition of 50% of Shell’s stake in Sadaf (joint venture)
Significant growth of the automotive industry in the Middle East
Surging demand in core end-use industries such as steel production, chemical processing, and food processing
Expansion in the Middle East & African market
New trend in customer behavior
Growing demand for polycarbonate panels in different regions
Increasing number of contracts
Decreasing cost of transportation and freight
Strategic acquisitions to diversify the company's operations and product offering

Threats

Political instability in the Middle East
Environmental regulations affecting manufacturing and marketing
Political instability in the Gulf
Environmental liabilities
Dependency of agri-nutrients business on weather conditions and agricultural policies
Currency fluctuation
High competition in market
Strict government regulation
Increasing foreign exchange rates
Fluctuations in the raw material prices

Key Developments

Date	Approach	Development
July 2018	–	The company introduced two new LDPE grades under the brand names SABIC LDPE HP0722 NDF and SABIC LDPE HP2022 NDF for cross-linked foaming processes.
May 2018	–	The company announced its new THERMOCOMP HMD-D compound in the Americas and Europe to expand its portfolio of specialty compounds with high-performance glass-reinforced polycarbonate materials. The new product will serve the electronics, healthcare, and transportation sectors.
May 2018	–	The company introduced a new portfolio of polypropylene compounds for interior automotive parts. The new grades will provide excellent scratch resistance, good impact performance, and low shrinkage.
February 2018	–	The company announced capacity expansion of its high performance engineering thermoplastic materials under the brand name ULTEM in Singapore. The company also planned to restart operations at its Bergen op Zoom PPE resin plant in the Netherlands to produce polyphenylene ether (PPE), the base resin for its line of NORYL resin.
July 2022	Partner	SABIC, a global leader in the chemical industry, has announced the launch of a major long-term sponsorship deal and innovation partnership with Formula E, the world’s first net-zero sport since inception.
July 2022	Product Launch	Sabic launches blockchain pilot for digital traceability of certified circular trucircle feedstock
August 2022	Partnership	SABIC has entered into a partnership with SK Geo Centric, to expand the capacity of its plant in the South Korean city of Ulsan to produce advanced material solutions. The partnership is expected to drive the sales for customized and high-performance polyolefin, polystyrenes, and others.
October 2021	Partnership	SABIC and Rabigh Refining & Petrochemical Company (Petro Rabigh) have signed a distribution partnership & agreement. The agreement is expected to lead SABIC to take over marketing of PetroRabigh’s products including poly methyl methacrylate (PMMA) and polyamide (PA), polyethylene (PE), polypropylene (PP), and Polystyrene products.
October 2019	Merger	SABIC has merged with Sadaf and Petrokemya to produce efficient product portfolio. The merger has significantly increased the sales for the Sadaf, Petrokemya and SABIC with better distribution network across the globe.

Product Offering

SABIC
- Chemicals

Financial Performance

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